TSE:PBL
20.47
0.13
(0.63%)
Pollard Banknote Income Fund traces its roots back to 1907 to the Saults & Pollard commercial printing company in Winnipeg, Manitoba, Canada.
More at Wikipedia
Analysis and Opinions about PBL-T
Signal
Opinion
Expert
BUY
BUY
November 26, 2019
A maker of the scratch-and-win. They recently pulled back. Long term trends in the lottery business is very positive and has grown 5-6% annually. Trading at 9.5x right now.
A maker of the scratch-and-win. They recently pulled back. Long term trends in the lottery business is very positive and has grown 5-6% annually. Trading at 9.5x right now.
BUY
BUY
October 31, 2019
He really likes this company. They have a huge moat and barrier to entry. They are good managers and have been making good moves expanding into complimentary areas. Hold it long term. It is a growing business.
He really likes this company. They have a huge moat and barrier to entry. They are good managers and have been making good moves expanding into complimentary areas. Hold it long term. It is a growing business.
Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
$20.100
Unknown
STRONG BUY
STRONG BUY
September 10, 2019
Good to buy now. They've been consolidating in the low-$20s. Enjoys high barriers to entry to print lottery tickets, a good moat around it. PBL leads and innovates in this sector, and are diversifying into related areas. Strong managers and growth potential.
Good to buy now. They've been consolidating in the low-$20s. Enjoys high barriers to entry to print lottery tickets, a good moat around it. PBL leads and innovates in this sector, and are diversifying into related areas. Strong managers and growth potential.
Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
$22.000
Yes
BUY WEAKNESS
BUY WEAKNESS
August 12, 2019
They're in the instant scratch lottery business, which is an oligopoly with only a few players in the world. A moat protexts PBL. PBL is well-run, and the lottery business is recession-proof. The recent pullback is a buying opportunity. He's buying.
They're in the instant scratch lottery business, which is an oligopoly with only a few players in the world. A moat protexts PBL. PBL is well-run, and the lottery business is recession-proof. The recent pullback is a buying opportunity. He's buying.
TOP PICK
TOP PICK
June 3, 2019
The second largest supplier of instant win lottery tickets. There are only 3 companies licensed to produce lottery tickets. They plan to increase the float and make more acquisitions. They are executing very well. (Analysts’ price target is $25.50)
The second largest supplier of instant win lottery tickets. There are only 3 companies licensed to produce lottery tickets. They plan to increase the float and make more acquisitions. They are executing very well. (Analysts’ price target is $25.50)
Stephen Takacsy, B. Eng, MBA
Chief Investment Officer & Portfolio Mgr, Lester Asset Management
$22.490
Yes
BUY
BUY
April 23, 2019
He's owned this for five years. It's a good performer and a leader in printing and distributing instant-scratch lottery tickets around in Canad and America. Protected by high barriers to entry into this business. It's not cheap or expensive. Lately, they've made some acquisitions, and the owners hold a lot of stock. A stable, long-term demand profile. A defensive stock.
He's owned this for five years. It's a good performer and a leader in printing and distributing instant-scratch lottery tickets around in Canad and America. Protected by high barriers to entry into this business. It's not cheap or expensive. Lately, they've made some acquisitions, and the owners hold a lot of stock. A stable, long-term demand profile. A defensive stock.
BUY
BUY
November 19, 2018
It's still a core position for him. Excellent managers who've made some acquisitions that they'll likely continue. Just enjoyed a great quarter. The outlook looks good.
It's still a core position for him. Excellent managers who've made some acquisitions that they'll likely continue. Just enjoyed a great quarter. The outlook looks good.
BUY
BUY
September 10, 2018
Best known for the instant win lottery tickets. In recent quarters, analysts have picked up coverage. There are very high barriers to entry. They have been making acquisitions recently. They would like to grow through acquisitions. It pulled back recently and he has added to his position.
Best known for the instant win lottery tickets. In recent quarters, analysts have picked up coverage. There are very high barriers to entry. They have been making acquisitions recently. They would like to grow through acquisitions. It pulled back recently and he has added to his position.
PAST TOP PICK
PAST TOP PICK
September 10, 2018
(A Top Pick Feb. 8/18, Up 7%) It has gone sideways recently but so have many of the gaming stocks. He is sticking with it. He thinks they will go through a number of acquisitions to move the stock price higher.
(A Top Pick Feb. 8/18, Up 7%) It has gone sideways recently but so have many of the gaming stocks. He is sticking with it. He thinks they will go through a number of acquisitions to move the stock price higher.
PAST TOP PICK
PAST TOP PICK
July 23, 2018
(A Top Pick Aug 29/17, Up 49%) They are going to expand the acquisition and are one of the top 3 or 4 scratch ticket printers in the world. He thinks the long term outlook is good and management own a lot of stock.
(A Top Pick Aug 29/17, Up 49%) They are going to expand the acquisition and are one of the top 3 or 4 scratch ticket printers in the world. He thinks the long term outlook is good and management own a lot of stock.
HOLD
HOLD
June 19, 2018
Get in again for 5 months up to 3 years? One of their favourite investments. Not as cheap as it was. It's a good business, management is executing, and it's in a strong market position. Third largest player globally. Holds contracts globally for lottery tickets, a steady growing market, even in a recession. Poised to continue to grow. Can hold it for the next 3-5 years.
Get in again for 5 months up to 3 years? One of their favourite investments. Not as cheap as it was. It's a good business, management is executing, and it's in a strong market position. Third largest player globally. Holds contracts globally for lottery tickets, a steady growing market, even in a recession. Poised to continue to grow. Can hold it for the next 3-5 years.
BUY
BUY
April 24, 2018
The stock has gone up from $6 when he recommended it to about $22, but that has been through organic growth and acquisition. The revenues have kept up with the stock price, so today it is trading at almost the same multiple as it did a while ago. He anticipates additional acquisitions and thinks it is a well-run business.
The stock has gone up from $6 when he recommended it to about $22, but that has been through organic growth and acquisition. The revenues have kept up with the stock price, so today it is trading at almost the same multiple as it did a while ago. He anticipates additional acquisitions and thinks it is a well-run business.
TOP PICK
TOP PICK
February 8, 2018
The majority of their business is the scratch and win and instant peel tickets. They see a lot of growth there. They have become more aggressive on the inorganic side with some acquisitions. (Analysts’ price target is $20.33)
The majority of their business is the scratch and win and instant peel tickets. They see a lot of growth there. They have become more aggressive on the inorganic side with some acquisitions. (Analysts’ price target is $20.33)
COMMENT
COMMENT
January 22, 2018
Recently initiated a position in this. They are in the very exciting world of scratch tickets, lottery type tickets. They have a traditional business line and are taking the free cash flow out of the excess cash flow and are making acquisitions in their space. This meets his criteria.
Recently initiated a position in this. They are in the very exciting world of scratch tickets, lottery type tickets. They have a traditional business line and are taking the free cash flow out of the excess cash flow and are making acquisitions in their space. This meets his criteria.
TOP PICK
TOP PICK
January 18, 2018
A leading lottery to more than 60 lotteries worldwide, located in Winnipeg. They’ve been making acquisitions. Dividend yield of 0.6%. (Analysts' price target is $17.63.)
A leading lottery to more than 60 lotteries worldwide, located in Winnipeg. They’ve been making acquisitions. Dividend yield of 0.6%. (Analysts' price target is $17.63.)
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